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Minimum tax

Corporations in some countries are subject to an annual tax, regardless of their profitability. This is known as a minimum tax or flat tax. It is a fixed amount that businesses must pay to the government every year, regardless of their financial performance. This type of tax is designed to ensure that all companies contribute to the economy, even if they are not making a profit. It is an important concept to understand in the world of finance, as it impacts the financial planning and decision-making process for corporations.

Frontier workers

This A frontier worker, in terms of taxation, is an individual who regularly travels between their residence and workplace across a border, typically on a daily basis. This ...

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Provisional assessment

In finance, an assessment of tax is conducted before a final assessment can be made. This initial assessment is typically based on an estimated figure or the previous year's...

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Abatement

In cases where an assessment is deemed inaccurate, there may be a reduction in the tax, penalty, or interest levied. This reduction serves to rectify the erroneous assessment ...

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Profit ratio

One of the fundamental concepts in finance is the return on capital, which measures the profitability of a company in relation to its invested capital or net worth. This rat...

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